Callan Family Office LLC Acquires Shares of 12,436 Brinker International, Inc. (NYSE:EAT)

Callan Family Office LLC purchased a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,436 shares of the restaurant operator's stock, valued at approximately $1,645,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wolff Wiese Magana LLC increased its position in Brinker International by 100.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock worth $26,000 after buying an additional 100 shares during the last quarter. Savant Capital LLC increased its holdings in shares of Brinker International by 4.7% during the 4th quarter. Savant Capital LLC now owns 3,274 shares of the restaurant operator's stock worth $433,000 after acquiring an additional 147 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Brinker International by 123.9% during the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator's stock worth $41,000 after acquiring an additional 171 shares during the last quarter. Arizona State Retirement System raised its stake in Brinker International by 1.4% in the 4th quarter. Arizona State Retirement System now owns 12,989 shares of the restaurant operator's stock valued at $1,718,000 after acquiring an additional 178 shares during the period. Finally, Optimist Retirement Group LLC lifted its holdings in Brinker International by 6.1% during the 3rd quarter. Optimist Retirement Group LLC now owns 3,256 shares of the restaurant operator's stock valued at $249,000 after purchasing an additional 187 shares during the last quarter.

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Brinker International Trading Up 2.6 %

EAT stock traded up $3.59 during midday trading on Tuesday, hitting $143.86. The stock had a trading volume of 1,997,472 shares, compared to its average volume of 1,401,544. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96. The business has a fifty day moving average price of $154.94 and a two-hundred day moving average price of $120.09. Brinker International, Inc. has a 1-year low of $43.37 and a 1-year high of $192.22. The firm has a market cap of $6.39 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 0.49 and a beta of 2.56.

Brinker International (NYSE:EAT - Get Free Report) last announced its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 EPS for the quarter, beating the consensus estimate of $1.37 by $1.43. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. On average, sell-side analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Insider Activity at Brinker International

In related news, Director Cindy L. Davis sold 5,802 shares of Brinker International stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $187.86, for a total value of $1,089,963.72. Following the completion of the sale, the director now owns 11,107 shares of the company's stock, valued at approximately $2,086,561.02. This trade represents a 34.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Douglas N. Comings sold 7,500 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $187.90, for a total transaction of $1,409,250.00. Following the transaction, the chief operating officer now owns 34,252 shares in the company, valued at approximately $6,435,950.80. The trade was a 17.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,802 shares of company stock worth $3,752,464 in the last quarter. Company insiders own 1.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EAT shares. UBS Group upped their price objective on shares of Brinker International from $108.00 to $146.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. increased their price target on shares of Brinker International from $140.00 to $160.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. StockNews.com upgraded shares of Brinker International from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Wells Fargo & Company upped their target price on Brinker International from $145.00 to $175.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Finally, Northcoast Research raised Brinker International from a "neutral" rating to a "buy" rating and set a $215.00 price target for the company in a report on Thursday, January 30th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $140.18.

About Brinker International

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.